EU AI Act 2024/1689: Obligations for High-Risk AI Systems
Table of Contents
AI Act: What Changes for Businesses
Regulation (EU) 2024/1689, known as the AI Act, entered into force on August 1, 2024. Companies developing or using high-risk AI systems must comply with new obligations by August 2026.
Key Obligations
High-risk systems must undergo a conformity assessment before market placement. Transparent data governance is mandatory, and technical documentation must demonstrate risk mitigation.
Transparency is key: users must be informed when interacting with an AI system. Human oversight mechanisms are also required to ensure control.
Penalties and Deadlines
Non-compliance can result in fines up to 3% of global annual turnover. Companies have until August 2026 to meet main obligations, though some provisions are already in effect.
For details, see the official Regulation (EU) 2024/1689.
AI Act Compliance Checklist
| Requirement | Status |
|---|---|
| Risk assessment completed | ☐ |
| Technical documentation ready | ☐ |
| Data governance implemented | ☐ |
| User transparency ensured | ☐ |
| Human oversight active | ☐ |
NakedPact Editorial Committee
Article created by the NakedPact editorial team. Our mission is to analyze, simplify, and expose unfair terms and hidden risks in everyday contracts to protect citizens and consumers.
Sources and Legal References
Recommended Readings
Don't trust, verify.
Now that you know the risks, don't sign blindly. Upload your contract to NakedPact and let AI find the hidden clauses for you. It's 100% free.
Analyze Your Contract Now